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Content about Bonds

February 18, 2011
School District Receives Interest Free Loan

At the School Board Meeting on Tuesday night the school board local building authority approved the issuance of $4 million in bonds for the school building projects.  The bonds will be purchased by Zions Bank.  The bank has agreed to purchase them at the same rate as the subsidized rate under the federal government program used for the bonds.  This means that the school district will be getting interest free money.

December 31, 2010
City Council Notes

Extension of Barbara Anderson preliminary subdivision approval
Normally preliminary approval of subdivision expires at the end of a year. This approval has been extended once and a second extension has been requested. This extension will be for one year.

Extension of Barbara Anderson preliminary subdivision approval
Normally preliminary approval of subdivision expires at the end of a year. This approval has been extended once and a second extension has been requested. This extension will be for one year.
The council approved the subdivision extension unanimously.

September 14, 2010
City Moves Closer to New Road Bond

In a public hearing on Tuesday, with no public comment, the city made the final steps to approve at $101,000 road bond.  The city is bonding under the Build America Program made available from the Federal Economic Stimulus plan.  Under this plan the city can borrow at a discounted rate. 

In a public hearing on Tuesday, with no public comment, the city made the final steps to approve at $101,000 road bond.  The city is bonding under the Build America Program made available from the Federal Economic Stimulus plan.  Under this plan the city can borrow at a discounted rate.